2024 Creative Enterprise & Live Music Property Tax Reduction Application
The Creative Co-Location Facilities Property Tax Subclass supports the sustainability and growth of creative enterprises and live music venues in Toronto. By incentivizing creative collaboration, arts accessibility, and local live music, the Tax Subclass allows hubs of creative activity to thrive in the city. By joining the tax subclass your property could be provided with a decrease in property taxes.
Properties must be designated as a Creative Co-Location Facility by the City of Toronto to be included under the property tax subclass. A property may apply for inclusion in the Creative Co-Location Facilities Property Tax Subclass in one of the following categories:
Tenant-Based Operating Model: A qualifying property must have creative enterprises as tenants that are charged a below average market rent, that produce cultural goods and/or provide cultural services. Eligible creative enterprises can be either not-for-profit or for-profit entities, depending on which category they belong to, as listed below. Examples of eligible creative enterprises include: Heritage and libraries, Live performance, Visual and applied arts, Written and published works, Books, AV and Interactive Media, and Sound recording.
Membership-Based Co-Working Model: A membership based co-working facility is a type of work space where self-employed individuals or small enterprises (the members) use a shared office or other physical work environment on a membership basis as opposed to a lease arrangement. A membership fee is the fee paid by said members to a building operator to access the space and any shared resources/services offered as a benefit of membership. Examples of eligible creative enterprises include: Heritage and libraries, Live performance, Visual and applied arts, Written and published works, Books, AV and Interactive Media, and Sound recording.
Live Music Venues: A live music venue is a venue in which live music performances occur.
Applications close March 14, 2024, 5pm. Past recipients must reapply to remain eligible.
New Live Music Applicants (those who have not been a part of the program) must apply by February 15, 5pm.
